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Concealment penalty was justified as confiscated cash was disclosed in return after issuance of scrutiny notice
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Corporate Tax
Concealment penalty was justified as confiscated cash was disclosed in return after issuance of scrutiny notice
Posted on
on
August 12, 2017
Tenet Tax Daily August 02 2017
By
tenettax-team
Corporate Tax
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No. denial of Sec. 35 deduction due to cancellation of research institution approval retrospectively
AO couldn’t treat payer as assessee-in-default without establishing that payee didn’t pay tax on income
